NZ: Truckometer Heavy Traffic Index fell 2.5% m/m in February - ANZ

Analysts at ANZ note that the ANZ Truckometer Heavy Traffic Index fell 2.5% m/m in February for New Zealand, unwinding some of its January lift (seasonally adjusted) but nonetheless suggesting a reasonable start to the year.

Key Quotes

“On the other hand, the Light Traffic Index eased a further 0.2% m/m, which, while small, was its third consecutive fall. On the face of it, this index is giving a decidedly softer signal for growth from mid-year.”